John R. Tyson,
Tyson Foods Inc
chief financial officer and son of the meat giant’s chairman, was arrested over the weekend after authorities said he slept in the wrong house.
Mr. Tyson, 32, was found asleep in a woman’s bed at her home in Fayetteville, Arkansas, on Sunday morning, according to a preliminary arrest report filed by the Fayetteville Police Department. He was arrested for criminal assault and public intoxication, according to the report, and booked into the Washington County Detention Center. He was released on Sunday evening.
A spokesperson for Tyson Foods said the company is aware of the incident and because it is a private matter, the company has no further comment. Mr. Tyson did not respond to a request for comment.
Mr. Tyson, great-grandson of the founder of Tyson Foods, was promoted to the role of CFO for the $24 billion meat company in September and took the job in the beginning of October. He is the youngest chief financial officer working for an S&P 500 or Fortune 500 company, according to Crist Kolder, an executive search firm.
Prior to taking over as CFO, he was Tyson’s executive vice president of strategy and chief sustainability officer, roles he still holds.
The company’s shares were down 1.6 percent in midday trading Monday, while major U.S. stock indexes rose slightly.
The Fayetteville Police Department report said the woman told police she thought Mr. Tyson had entered through an unlocked front door and that she did not know him. The report said police tried to wake Mr Tyson, but after sitting up briefly he lay back down and tried to continue sleeping and that there was an odor of intoxicants on his breath and body .
The arrest of Mr. Tyson was reported earlier by KNWA/Fox 24 in Northwest Arkansas.
Mr. Tyson joined Tyson in September 2019 after earning an MBA from Stanford University in 2018. He has held various roles in investment banking, private equity and venture capital, including in
Some in the meat industry see Mr. Tyson as a future leader of the company, as CEO or chairman. mine. Tyson said he is focused on fulfilling his current duties.
The Tyson family interests maintain an approximately 71% voting interest in the company, according to the company’s most recent annual filing, through vested Class B shares that carry 10 times more votes than publicly held Class A shares. Dual Class Stock Arrangements , which grant such “supervoting” rights to a separate class of shares that are not available to the general public, allow minority shareholders to control a company.
Write to Patrick Thomas at [email protected]
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